Financial information for Nokia Corporation (www.nokia.com) follows.
Net income (in millions) . . . . . . . . . . . . . . . . . . . . . . . . . € 260
Cash dividends declared (in millions) . . . . . . . . . . . . . . . € 1,481
Cash dividends declared per share . . . . . . . . . . . . . . . . . € 0.40
Number of shares outstanding (in millions)* . . . . . . . . . 3,708
Equity applicable to shares (in millions) . . . . . . . . . . . . . €14,749

Required
1. Compute book value per share for Nokia.
2. Compute earnings per share (EPS) for Nokia.
3. Compare Nokia’s dividends per share with its EPS. Is Nokia paying out a large or small amount of its income as dividends? Explain.